Relevant Portion definition
Examples of Relevant Portion in a sentence
Subject to the last sentence of Section 15.1, the Facility Lessee may elect the option provided in clause (b) of the preceding sentence regardless of whether a Relevant Portion of the Facility is to be rebuilt or replaced.
Subject to the terms and conditions set forth in the Master Purchase Agreement and Subsequent Purchase Agreement, as applicable, Licensor’s acquisition of the Initial Property and the Remaining Property will be consummated through an escrow account established with Escrow (as applicable to the Relevant Portion of the Property, the “Master Escrow Account”).
Upon receipt of such notice such Investor shall not, and shall procure that its Affiliates shall not, subscribe for more than the Relevant Portion.
The Facility Lessee may only purchase the Owner Lessor's Interest in part or terminate the Facility Lease in part with respect to a Relevant Portion of the Facility to the extent that the remaining Units subject to the Facility Lease continue to be commercially viable in accordance with Prudent Industry Practice.
If HRF is actively cultivating crops on the Relevant Portion of the Property as of the Closing Date, Licensor may enter into one or more leases or other occupancy agreement with HRF (each a “HRF Lease”) pursuant to which HRF will have the exclusive right to use and occupy the part (or parts) of the Relevant Portion of the Property then being cultivated by HRF (the “HRF Premises”).